US watchdogs prepare antitrust probe into Nvidia, Microsoft-backed OpenAI for domination in AI sector.

From Yahoo Finance: 2024-06-07 00:52:36

U.S. watchdogs are preparing for an antitrust probe into leading tech companies dominating the AI sector. The probe will focus on Nvidia, Microsoft-backed OpenAI, and others. Nvidia controls 80% of the AI semiconductor market, leading to high profit margins. Regulators are concerned about data access and market impact of AI technology. The Justice Department will investigate Nvidia, while the FTC will focus on OpenAI and Microsoft’s potential antitrust practices. The agencies aim to avoid overlapping investigations.



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